Friday, December 11, 2015

New Mortgage Rules Coming in Feb 2016

The news is in - CMHC will be changing the down payment rules. Starting
in February 2016, CMHC will require a 10% down payment on the portion
of any mortgage over $500K. The 5% rule remains the same for the portion
under $500K.

Click here to read more on this rule or contact me today for more information.